“It’s more purposeful when you’re not just doing something for yourself, but for people who you don’t even know and have never met” – South African rugby captain Siya Kolisi Last weekend South Africa beat arch-rivals New Zealand 12-11 in the Rugby World Cup final. It is hard to explain to non-South Africans how much the win means to the people of South Africa, a country beset by problems and with a history of racial injustice and division, and how

I recently came across a Netflix series: ‘Live to 100: Secrets of the Blue Zones’. The series discusses so-called ‘Blue Zones’ – a zone with the highest life expectancy or the highest proportion of people who reach age 100 (i.e., centenarians). Five Blue Zones have been identified in the world – the Barbagia region (Sardinia), Ikaria (Greece), Nicoya (Costa Rica), Seventh Day Adventists (US) and Okinawa (Japan). The chart below indicates the share of the population that are centenarians in Okinawa

“In the beginning the Universe economics was created. This has made a lot of people very angry and been widely regarded as a bad move.”                                                                 Douglas Adams (almost) I think the doctored quote above probably reflects many people’s attitudes towards economists and economics in general. Being an economist,

Every time I speak about my job with family and friends back home, I always get the same comment: “Oh, so you are an economist? Then, what shares should I invest in?” Exhausted by consistently being faced with such a huge misunderstanding, today I have decided to write about what a professional economist actually does. Spoiler: you’ll be surprised! Let me start by acknowledging that part of the blame lies with us economists, who for some reason have not been

Last week, the whole of Fathom gathered in a lovely country mansion for our first ‘away day’ in three years. Serious conversations were had, as were significantly less serious ones; a sordid murder mystery was solved amid incessant innuendo and balderdash; pranks were carried out and Olympic efforts undertaken; and all was accompanied by good food and copious amounts of drink. Truth be told, a lot of the drinks cabinet stayed untouched: not an indication of restraint, I’m afraid, but

In his book Thinking, Fast and Slow, Daniel Kahneman offers several insights into human cognition. Perhaps the key theme of the book was his portrait of the two characters that reside in our minds: System 1, which is quick, instinctual and reaches conclusions fast; and System 2, more methodical, analytical and takes its time to ponder. It is possible to extend this insight to companies as well. On a typical working week, depending on the efficiency of System 1 is

Was Paul Volcker the greatest Fed chairman, the GOAT of the Fed? He put the inflation genie back in its bottle. Or was it Ben Bernanke, who hauled the economy out of the GFC? Or Alan Greenspan? He oversaw the longest period of sustained growth and low inflation. Perhaps it was Janet Yellen: she navigated the economy back to stability after the turmoil of the GFC and its aftermath. Or maybe it’s Jay Powell? It looks like he’s going to

Having grown up watching zillions of re-runs of Friends on TV, I always felt that every coffee shop in the world ought to have a nice big leather sofa like the one in Central Perk. It’s somewhere for all those zany best pals to laze about, joking, teasing and simply goofing around. That sofa and armchairs are central to what the best coffee houses are all about, aren’t they? But wait a minute — maybe not! Earlier this week, I

Formula One’s global popularity is undeniable. With the cumulative TV audience peaking at 1.55 billion over the course of the 2021 season, it is no surprise that the premium motorsport has become a multi-billion-dollar business, bringing in fans from all corners of the world. Forbes estimates the total value of all ten racing teams to be around $18.8 billion, and global media rights are expected to be worth $1.4 billion by 2029. However, as the sport continues to flourish, one

I’m not a big football fan, though I do follow Brighton, to a degree. They are my local team, and back in the early 1980s, my dad used to take me to watch the odd game at the old Goldstone Ground — now a retail park. I also take a passing interest in statistics. It’s part of the job. And I have long had a suspicion that Brighton’s results are somewhat erratic. I think I can date this back to